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Use this calculator to find out how much money you must have in your savings account to make recurring withdrawals of a specified amount.
Withdrawal amount
Rate of return
Number of withdrawals
Withdrawal period
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You will need $18,978.83 in savings to be able to make 19 Monthly withdrawals in the amount of $1,000.00 and one final withdrawal of $999.99.
Calculator tips
This calculator assumes that periodic withdrawals will start on the first day of the current month and that Daily compounding is used for the accrual of interest on your savings.
Calculator disclaimer
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
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